Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Cash Distributions for October, November and December
MCLEAN, Va., Oct. 5 /PRNewswire-FirstCall/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:
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$0.125 per common share for each of the months October, November and December of 2010, payable per Table 1 below.
Table 1: Summary of common stock cash distributions for the quarter ending December 31, 2010: |
|||||
Declared |
X Dividend-Date |
Record Date |
Payment Date |
Amount |
|
October 5 |
October 19 |
October 21 |
October 29 |
$0.125 |
|
October 5 |
November 17 |
November 19 |
November 30 |
$0.125 |
|
October 5 |
December 21 |
December 23 |
December 31 |
$0.125 |
|
Total for the Quarter: $0.375 |
|||||
$0.0875 for the Company's Senior Common Stock for each of the months of October, November and December of 2010, payable per Table 2 below (which monthly amount shall be prorated based on the number of calendar days in each month that a shareholder is a holder of record).
Table 2: Summary of Senior Common Stock cash distributions for the quarter ending December 31, 2010: |
||||
Declared |
Payable to Holders of Record During the Month of: |
Payment Date |
Amount |
|
October 5 |
October |
November 5 |
$0.0875 |
|
October 5 |
November |
December 7 |
$0.0875 |
|
October 5 |
December |
January 7 |
$0.0875 |
|
Total for the Quarter: $0.2625 |
||||
$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of October, November and December of 2010. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below.
Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending December 31, 2010: |
|||||
Declared |
X Dividend-Date |
Record Date |
Payment Date |
Amount |
|
October 5 |
October 19 |
October 21 |
October 29 |
$0.1614583 |
|
October 5 |
November 17 |
November 19 |
November 30 |
$0.1614583 |
|
October 5 |
December 21 |
December 23 |
December 31 |
$0.1614583 |
|
Total for the Quarter: $0.4843749 |
|||||
$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of October, November and December of 2010. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below.
Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending December 31, 2010: |
|||||
Declared |
X Dividend-Date |
Record Date |
Payment Date |
Amount |
|
October 5 |
October 19 |
October 21 |
October 29 |
$0.15625 |
|
October 5 |
November 17 |
November 19 |
November 30 |
$0.15625 |
|
October 5 |
December 21 |
December 23 |
December 31 |
$0.15625 |
|
Total for the Quarter: $0.46875 |
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The Company is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. The Company's portfolio continues to perform as expected and it does not hold investments in sub-prime or other home mortgages or investments in the housing industry.
The Company offers a dividend reinvestment plan (DRIP) for its common shareholders. For more information regarding this Plan or other information about the Company, please visit www.gladstonecommercial.com . To sign up to receive notifications about Gladstone Commercial and its sister companies, please visit www.gladstone.com.
SOURCE Gladstone Commercial Corporation
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